Question
IcyTreats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $32,200 in cash, $115,000ininventory,$64,400
IcyTreats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $32,200 in cash, $115,000ininventory,$64,400 in accounts receivable, and $59,800in accounts payable. During the slow winter period the firm holds $9,200 incash,$50,600 in inventory, $36,800 in accounts receivable, and $31,050 in accounts payable. Calculate Icy Treats' minimum and peak funding requirements.
IcyTreats' minimum funding requirement is $____________________ round to nearest dollar
Icy Treats peak funding requirement is $____________________ round to nearest dollar
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